Yatra Considers Options to Regain Nasdaq Compliance

Online travel agency Yatra received a non-compliance notice from Nasdaq for failing to maintain a minimum closing bid price of $1 per share from May 12 to June 24. The company has 180 days (until December 22, 2026) to regain compliance, possibly through a reverse stock split. Yatra reported a 14% decrease in revenue to $201 million for the three months ended March 31, adjusted EBITDA down 49% to $500,000, total gross bookings up 8% to $215 million, and a loss of $1.6 million.